The New Trade Environment and Trade Performance in the Caribbean
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Washington, DC
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Caribbean countries face a rapidly
changing trade environment, which presents both
opportunities and challenges for economies highly dependent
on external markets. The features of the new trade
environment include: i) redefinition of relations with their
main trading partners, including the United States, where
Caribbean exports continue to enjoy preferential access
under the Caribbean Basin Initiative, and the European
Union, through the recently signed Economic Partnership
Agreement; ii) the increasing economic influence of the new
growth poles1 (Brazil, Russia, India, Indonesia, China and
Korea) ; iii) and the redesign of the CARICOM regional trade
agreement in order to implement the Caribbean Single Market
Economy (CSME) as well as a number of preferential trade
agreements within the region. These changes are likely to
change the trading structure of the Caribbean countries and,
through this restructuring, to have implications for the
welfare of these economies. Understanding these implications
is critical in terms of designing appropriate policy
response to the trade changes but also in terms of
eventually re-shaping trade agreements and policies.
Palabras clave
AGRICULTURE, AVERAGE TARIFF, AVERAGE TARIFFS, AVERAGE TRADE, BENCHMARK, BENCHMARKING, BUSINESS ENVIRONMENT, BUSINESS PERFORMANCES, COMMODITIES, COMMODITY, COMMON MARKET, COMPARATIVE ADVANTAGE, COMPETITIVE PRESSURES, COMPETITIVENESS INDEX, CONNECTIVITY, CONNECTIVITY INDEX, CUSTOMS, DEEPER TRADE INTEGRATION, DEVELOPING COUNTRIES, DOMESTIC MARKETS, ECONOMIC DEVELOPMENT, ECONOMIC RESEARCH, ECONOMIC SIZE, ECONOMIES OF SCALE, EMERGING ECONOMIES, EMERGING MARKETS, EXPECTED VALUE, EXPLOITATION, EXPORT BASKET, EXPORT BASKETS, EXPORT DYNAMISM, EXPORT EARNINGS, EXPORT GROWTH, EXPORT PERFORMANCE, EXPORT SECTORS, EXPORT SHARE, EXPORT VALUE, EXPORTERS, EXPORTS, EXTERNAL TRADE, EXTERNAL TRADE POLICY, FINANCIAL CRISIS, FINANCIAL SECTOR, FOREIGN FIRMS, GDP, GENERAL EQUILIBRIUM, GLOBAL COMPETITIVENESS, GLOBAL ECONOMY, GLOBAL TRADE, GLOBALIZATION, GRAVITY MODEL, GRAVITY MODELS, GROWTH POTENTIAL, GROWTH RATE, GROWTH RATES, HUMAN CAPITAL, IMPACT OF TRADE, IMPORTS, INSURANCE, INTERNATIONAL TRADE, INTRAREGIONAL TRADE, LABOR PRODUCTIVITY, MARKET ECONOMY, MARKET SHARE, METALS, NATURAL RESOURCE, NATURAL RESOURCES, OIL, OPENNESS, PER CAPITA INCOME, PREFERENTIAL ACCESS, PREFERENTIAL AGREEMENTS, PREFERENTIAL TRADE, PREFERENTIAL TRADE AGREEMENTS, PRODUCTION COSTS, RAPID GROWTH, REGIONAL INTEGRATION, REGIONAL TRADE, REGRESSION ANALYSIS, REGULATORY ENVIRONMENT, REGULATORY IMPEDIMENTS, SCIENTIFIC RESEARCH, SHARE OF WORLD EXPORTS, SINGLE MARKET, SMALL ECONOMIES, SPECIALIZATION, TARIFF RATE, TARIFF RATES, TOURISM, TRADE AGREEMENT, TRADE BALANCE, TRADE BALANCES, TRADE BARRIERS, TRADE BLOCS, TRADE DEFICIT, TRADE DEFICITS, TRADE DETERMINANTS, TRADE FACILITATION, TRADE LOGISTICS, TRADE MORE, TRADE OPENNESS, TRADE PARTNERSHIP, TRADE PERFORMANCE, TRADE RELATIONS, TRADE RELATIONSHIPS, TRADE SURPLUS, TRANSPORT COSTS, VALUE ADDED, WORLD DEVELOPMENT INDICATOR, WORLD DEVELOPMENT INDICATORS, WORLD ECONOMY, WORLD MARKET, WORLD MARKETS